Can I retire at age 66 with 5,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$470,701$466,508$462,417$458,425$454,526$450,718
2 years$233,020$228,680$224,474$220,396$216,441$212,603
3 years$153,804$149,445$145,250$141,210$137,319$133,570
4 years$114,203$109,858$105,705$101,734$97,937$94,306
5 years$90,449$86,130$82,031$78,141$74,450$70,947
6 years$74,618$70,332$66,293$62,490$58,910$55,540
7 years$63,315$59,064$55,090$51,377$47,910$44,674
8 years$54,841$50,629$46,721$43,099$39,746$36,645
9 years$48,254$44,082$40,241$36,711$33,472$30,504
10 years$42,987$38,856$35,083$31,645$28,519$25,684
11 years$38,681$34,591$30,886$27,540$24,528$21,822
12 years$35,095$31,047$27,411$24,157$21,255$18,676
13 years$32,063$28,058$24,490$21,327$18,535$16,080
14 years$29,467$25,504$22,004$18,931$16,248$13,914
15 years$27,218$23,298$19,867$16,884$14,306$12,090
16 years$25,253$21,375$18,012$15,117$12,643$10,542
17 years$23,521$19,686$16,390$13,583$11,210$9,220
18 years$21,983$18,191$14,962$12,241$9,968$8,085
19 years$20,608$16,859$13,697$11,061$8,885$7,105
20 years$19,372$15,666$12,571$10,018$7,936$6,255
21 years$18,256$14,592$11,563$9,092$7,102$5,517
22 years$17,242$13,621$10,657$8,266$6,366$4,872
23 years$16,318$12,740$9,840$7,528$5,714$4,309
24 years$15,472$11,936$9,100$6,866$5,136$3,815
25 years$14,695$11,202$8,428$6,271$4,622$3,380
26 years$13,979$10,528$7,817$5,734$4,163$2,998
27 years$13,318$9,908$7,259$5,248$3,753$2,661
28 years$12,704$9,336$6,748$4,808$3,387$2,364
29 years$12,134$8,808$6,279$4,409$3,058$2,100
30 years$11,603$8,318$5,849$4,047$2,763$1,868
31 years$11,107$7,863$5,453$3,717$2,498$1,661
32 years$10,643$7,440$5,088$3,416$2,260$1,479
33 years$10,208$7,046$4,750$3,141$2,045$1,316
34 years$9,799$6,678$4,438$2,890$1,852$1,172
35 years$9,415$6,334$4,150$2,660$1,677$1,044
36 years$9,053$6,012$3,882$2,450$1,520$930
37 years$8,711$5,710$3,633$2,257$1,377$829
38 years$8,388$5,426$3,403$2,081$1,249$739
39 years$8,082$5,160$3,188$1,919$1,132$659
40 years$7,793$4,909$2,988$1,770$1,027$588
41 years$7,518$4,673$2,802$1,633$932$524
42 years$7,257$4,451$2,628$1,507$845$467
43 years$7,009$4,241$2,466$1,391$767$417
44 years$6,772$4,042$2,315$1,284$696$372
45 years$6,547$3,855$2,174$1,186$632$332
46 years$6,333$3,677$2,042$1,096$574$296
47 years$6,128$3,509$1,918$1,012$521$264
48 years$5,932$3,350$1,802$935$473$236
49 years$5,744$3,199$1,694$864$430$210
50 years$5,565$3,056$1,593$799$391$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $5,700,000, adding $4,720 every year, while hoping to spend $33,734 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 25/47/28 Blend
65$5,700,000$5,700,000$5,700,000$5,700,000
66$6,286,269$5,984,169$5,895,819$6,388,092
67$6,891,575$6,241,500$6,057,436$6,730,855
68$7,557,493$6,510,310$6,223,337$7,094,921
69$8,290,167$6,791,126$6,393,629$7,484,570
70$9,096,372$7,084,499$6,568,423$7,901,972
71$9,983,568$7,391,006$6,747,832$8,349,501
72$10,959,979$7,711,252$6,931,971$8,829,754
73$12,034,663$8,045,869$7,120,958$9,345,571
74$13,217,604$8,395,521$7,314,915$9,900,066
75$14,519,799$8,760,902$7,513,964$10,496,647
76$15,953,369$9,142,737$7,718,233$11,139,047
77$17,531,669$9,541,787$7,927,849$11,831,357
78$19,269,413$9,958,849$8,142,947$12,578,064
79$21,182,818$10,394,756$8,363,660$13,384,085
80$23,289,749$10,850,383$8,590,126$14,254,811
81$25,609,895$11,326,644$8,822,487$15,196,161
82$28,164,950$11,824,495$9,060,886$16,214,624
83$30,978,821$12,344,941$9,305,472$17,317,323
84$34,077,850$12,889,032$9,556,394$18,512,078
85$37,491,063$13,457,868$9,813,806$19,807,473
86$41,250,449$14,052,601$10,077,866$21,212,933
87$45,391,254$14,674,438$10,348,734$22,738,810
88$49,952,319$15,324,642$10,626,574$24,396,477
89$54,976,444$16,004,538$10,911,552$26,198,425
90$60,510,793$16,715,512$11,203,841$28,158,382
91$66,607,338$17,459,016$11,503,614$30,291,432
92$73,323,351$18,236,572$11,811,049$32,614,155
93$80,721,942$19,049,774$12,126,328$35,144,777
94$88,872,657$19,900,290$12,449,637$37,903,335
95$97,852,133$20,789,869$12,781,165$40,911,858
96$107,744,821$21,720,343$13,121,104$44,194,573
97$118,643,784$22,693,631$13,469,652$47,778,121
98$130,651,574$23,711,743$13,827,010$51,691,806
99$143,881,202$24,776,786$14,193,382$55,967,858
100$158,457,202$25,890,965$14,568,978$60,641,737